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Scotiabank Named 2012 Best Corporate Internet Bank in North America

TORONTO, Sept. 4, 2012 /CNW/ - Scotiabank has been named the 2012 "Best
Corporate Internet Bank" in North America under the subcategories of
Best Trade Finance Services and Best Online Cash Management by Global Finance magazine.

"We are honoured to be recognized by Global Finance magazine for the ongoing enhancements we've made to support our clients
through technology," said Alberta G. Cefis, Executive Vice-President
and Head, Global Transaction Banking (GTB). "We know that service
delivery through technology is a main factor in bank selection for
clients, and we're pleased to see that Scotiabank's investments in cash
management and trade platforms are having an impact."

Global Finance selects the best financial institutions around the world through its
annual awards. The Best Consumer Internet Bank and the Best Corporate/Institutional Internet Bank recognizes the most successful and innovative online banks.

"The Internet has transformed the way many consumers and most businesses
bank," said Joseph D. Giarraputo, publisher of Global Finance. "The
continuing improvements in Internet offerings represented by this
year's entries show that more significant Internet banking developments
are still ahead of us."

Global Finance editors, with input from a panel of judges at Infosys,
selected the winners based on factors such as the strength of strategy
for attracting and servicing online customers, success in getting
clients to use web offerings, range of product offerings and design and
functionality of website.

All the winners will be featured in the September issue of Global
Finance and can be found on the magazine's website at www.gfmag.com.

Scotiabank's Global Transaction Banking business provides financial
solutions to commercial and corporate clients domestically and around
the world. Scotiabank, through its GTB unit, currently offers a wide
variety of supply-chain financing services, including electronic
banking and payments, trade finance, commercial and business cards,
foreign exchange and correspondent banking. In partnership with
Scotiabank's International Banking and Global Banking and Markets
divisions, Scotiabank clients have access to the Scotiabank network in
some 55 countries as well as unmatched NAFTA presence and unique
footprint in the Americas.

Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 81,000 employees,
Scotiabank and its affiliates serve some 19 million customers in more
than 55 countries around the world. Scotiabank offers a broad range of
products and services including personal, commercial, corporate and
investment banking. With assets of $670 billion (as at July 31, 2012),
Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).
For more information please visit www.scotiabank.com.